The massive omnibus package of tax and spending changes recently passed by Congress was mostly a defeat for free-market economics. It extended expensive giveaways for the wind and solar industries, allowed President Obama to fund his Paris climate agreement, funded the president's aggressive regulatory agenda, and even green-lit his IMF reform.
Instead of another depressing rant on how the political class is selling us down the river, I'm offering practical advice this week on how to remain in the wife's good graces and still get to watch all the football you want on Christmas or New Year's Day.
It's the most wonderful time of the year. And a large part of what makes it so goldarn fabulous is the festive array of idiosyncratic traditions each family imprints on their holiday gene map like a candy cane tattoo on the soft flesh behind your knee.
Stocks rose Wednesday following the Federal Reserve's announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed's announcement did not last long is that the Fed seems to lack confidence in the economy and is unsure what policies it should adopt in the future.